Facebook Inc (FB) Shares Bought by Crow Point Partners LLC

Crow Point Partners LLC boosted its stake in shares of Facebook Inc (NASDAQ:FB) by 282.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,585 shares of the social networking company’s stock after purchasing an additional 2,648 shares during the quarter. Crow Point Partners LLC’s holdings in Facebook were worth $605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC lifted its holdings in shares of Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after buying an additional 6,740 shares in the last quarter. Palisade Capital Management LLC NJ lifted its holdings in shares of Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares in the last quarter. ING Groep NV lifted its holdings in shares of Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after buying an additional 37,822 shares in the last quarter. Grand Jean Capital Management Inc. lifted its holdings in shares of Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after buying an additional 15,910 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after buying an additional 4,485 shares in the last quarter. 57.86% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00. Following the sale, the vice president now directly owns 93,341 shares in the company, valued at $15,998,647.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the sale, the director now owns 6,311 shares in the company, valued at $1,129,037.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,066,441 shares of company stock worth $903,750,174. Company insiders own 17.23% of the company’s stock.

A number of equities research analysts have recently weighed in on FB shares. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 target price for the company in a report on Monday, August 21st. Robert W. Baird reissued a “buy” rating and set a $185.00 target price on shares of Facebook in a report on Friday, September 1st. Pivotal Research reaffirmed a “sell” rating and issued a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Mizuho reaffirmed a “buy” rating and issued a $230.00 price target on shares of Facebook in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $200.75.

Facebook Inc (NASDAQ FB) opened at $180.18 on Monday. The company has a market capitalization of $523,568.47, a PE ratio of 34.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. equities research analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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